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Dec 18, 2012
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us as well. house speaker boehner calling the president's bluff and agreeing to a tax hike on millionaires and billion airs. >> and when does senator rand paul think we'll get a deal? he'll join us coming up on the "closing bell." stay with us. more in a moment. >>> welcome back. we're now with banking analyst meredith whitney having a change of heart on some of the banks. yesterday she announced she's turning bullish on financials and upgraded bank of america, discover financial and citi to a buy. take a look at those stocks today, and they are moving on that call. meredith joins me now to talk about the industry and the entire group. thanks for joining us. >> so good to see you. >> what is getting you bullish on the banks today? >> we went bullish yesterday morning, and i think this is a really, really important time for the financial. you have three things going on. most importantly clarity. more clarity today on the financials than you have in the five years since the financial crisis began,
us as well. house speaker boehner calling the president's bluff and agreeing to a tax hike on millionaires and billion airs. >> and when does senator rand paul think we'll get a deal? he'll join us coming up on the "closing bell." stay with us. more in a moment. >>> welcome back. we're now with banking analyst meredith whitney having a change of heart on some of the banks. yesterday she announced she's turning bullish on financials and upgraded bank of america, discover...
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Dec 13, 2012
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>> you were never a fan. >> i was a fan for years when i used -- i used their products for many, many years. i was a late adopter to the android and a late adopter to other products, but once i got on the other products, i realized i didn't need anything else. >> would you switch back? >> why would i want to go something that's not part of my ecosystem. >> carter, real quick. on this chart what would turn you negative to say, you know what, this rally is done? >> gone from 6.50 to 14 or 15. the new 10, does it have a keyboard or not? >> does it have a keyboard? >> what else do they offer if they don't offer the keyboard? they take that away. oh, boy, anyway. >> they will have a keyboard at some point. >> good question. we're going to get tweets and e-mails about this, keyboard or no keyboard. we know that it's going to have the keyboard that you could bring up, like the iphone does. i don't know if it has an actual keyboard. >> old-fashioned -- >> we'll check it out. >> i bet we have the answer for you next break. thank you guys. appreciate it. hey, bill, does it have a keyboard? >> d
>> you were never a fan. >> i was a fan for years when i used -- i used their products for many, many years. i was a late adopter to the android and a late adopter to other products, but once i got on the other products, i realized i didn't need anything else. >> would you switch back? >> why would i want to go something that's not part of my ecosystem. >> carter, real quick. on this chart what would turn you negative to say, you know what, this rally is done?...
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Dec 27, 2012
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mandy knows but is not telling us. consumer discretionary is up 20% and within that sector stocks like whirlpool and expedia making the top of the list. heading into the new year, we're wondering which consumer discretionary stocks may be the winners and losers for 2013. >> good question. great to have you both on the show. dana, retailers saw the weakest holiday sales since 2008. a lot of things being thrown at the american consumer, the tragedy in connecticut, sandy, fiscal cliff, everything. with that in mind where do you see consumer spending, consumer discretionary spending next year? >> i think in 2013 there's always a place that excels in consumer discretionary and it's based on product, price and where they can expand in terms of channel extension. in 2013 i think we'll see names like nordstrom where they are accelerating the rate of growth. i think we'll see urban outfitters continue their turnaround, perhaps in an accelerated pace in 2013, and i think you're going to continue to see, particularly in the first
mandy knows but is not telling us. consumer discretionary is up 20% and within that sector stocks like whirlpool and expedia making the top of the list. heading into the new year, we're wondering which consumer discretionary stocks may be the winners and losers for 2013. >> good question. great to have you both on the show. dana, retailers saw the weakest holiday sales since 2008. a lot of things being thrown at the american consumer, the tragedy in connecticut, sandy, fiscal cliff,...
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Dec 14, 2012
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stay with us. >> back in a movement de, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. . . >>> we've got breaking news right now on the developments in connecticut. the fatal shooting, let's get bertha coombs. bertha, what can you tell us. >> reporter: connecticut state police just concluding an update where they have updated the figures on -- on those who were killed in that tragic shooting at an elementary school in connecticut this morning. they now say 18 children were killed at the scene, 2 children prodownsed dead at an area hospital, 6 adults that worked at the school were killed and with the gunman that makes a total of 7 adults killed. one adult was injured and survived. according to the connecticut state pol
stay with us. >> back in a movement de, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. . . >>> we've got...
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Dec 11, 2012
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thanks so much for joining us. treasury secretary tim geithner told cnbc there will be no deal if it doesn't involve higher rates on the top 2% of the wealthiest. when it comes down to it, will republicans budge on this issue? >> it's kind of crazy for him to say that because, first of all, if they got their higher rates and they also included the approximately 1 million small businesses wrapped into it, you know, they would get enough to run the federal government for about seven days. it wouldn't really solve the problems, and, of course, then they are going to come back and say the rest of the 98%, you've got to come up with money yourselves >> i understand, but the point is will you budge? will you go along with it if it leads to a deal? >> i'm pretty close to the speaker who i admire greatly, and none of us really want to raise the rates because we know once we do they will go up and then the spending will never occur. we've had that happen a lot during my 36 years. >> i was going to say, senator. you've been
thanks so much for joining us. treasury secretary tim geithner told cnbc there will be no deal if it doesn't involve higher rates on the top 2% of the wealthiest. when it comes down to it, will republicans budge on this issue? >> it's kind of crazy for him to say that because, first of all, if they got their higher rates and they also included the approximately 1 million small businesses wrapped into it, you know, they would get enough to run the federal government for about seven days....
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Dec 28, 2012
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stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> want to take y
stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no...
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Dec 4, 2012
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jim, what can you tell us? >> well, if you're with with the ian y iranian military, this is a good tale. if you're with the u.s. military, it's a fabrication. yes, indeed, that is an eagle scan or a scan eagle drone. it just doesn't happen to be one of the u.s. military's. the u.s. navy claims that all its scan eagle drones have been accounted for. the iranians have said they captured the drone, they claim, by taking it over electronically as it was flying over u.s. air space. now, the problem with this is that scan eagle drones are pretty common in that region. when it comes to technology, they're at the very low end of the scale. they're readily available to almost every government in the region. many gulf states have them. intelligence indicates that the iranians either stole or perhaps bought this from under the table from some gulf state nation. but it doesn't appear that according to the u.s. navy, anyway, that there's any truth to the claims that the iranians actually seized a u.s. navy drone. >> all rig
jim, what can you tell us? >> well, if you're with with the ian y iranian military, this is a good tale. if you're with the u.s. military, it's a fabrication. yes, indeed, that is an eagle scan or a scan eagle drone. it just doesn't happen to be one of the u.s. military's. the u.s. navy claims that all its scan eagle drones have been accounted for. the iranians have said they captured the drone, they claim, by taking it over electronically as it was flying over u.s. air space. now, the...
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Dec 19, 2012
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, rick santelli with us and sandy vallari with us as well. sandy, i'll begin with you. as we're sitting here, i don't know how you feel about the market and the cliff. yesterday one tone. today seems to be we've reverted backwards. >> so frustrating. here we go again. i think the market does have a lot of support at 1420. i do think they will get a deal done but i don't think it will happen this year. i think it happens into january and they can make things retroactively back to january so everything happens from that point. so frustrating we've got to go through that again. >> does name pact the economy and sort of the fundamentals of this market if we go into january, go over the cliff and then we actually have, to you know, reverse things? i mean, you're beginning the year with more uncertainty. >> ceos are already -- they are holding back on hiring. they are doing all these other things so ultimately, no, it won't have a fundamental impact because i think it will all be retroactive for january 2013. hard for people to hire in such an unce
, rick santelli with us and sandy vallari with us as well. sandy, i'll begin with you. as we're sitting here, i don't know how you feel about the market and the cliff. yesterday one tone. today seems to be we've reverted backwards. >> so frustrating. here we go again. i think the market does have a lot of support at 1420. i do think they will get a deal done but i don't think it will happen this year. i think it happens into january and they can make things retroactively back to january...
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Dec 24, 2012
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stay with us. >>> there aren't as many films as there used to be. holiday's take is down this year, according to the street.com. but there have been memorable holiday releases in the past. what are the three biggest christmas block busters of all time? find out next. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack
stay with us. >>> there aren't as many films as there used to be. holiday's take is down this year, according to the street.com. but there have been memorable holiday releases in the past. what are the three biggest christmas block busters of all time? find out next. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex...
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Dec 11, 2012
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representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq is doing well today,
representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less than an hour to go. final hour, really from the get-go. optimism about the cliff talks and senator harry reid made some comments this afternoon that put a damper on that real. we've lost about 30 points. in that time. up 74 on the dow at 13,244. the nasdaq...
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Dec 21, 2012
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talk to us as the governor of delaware. what kind of a deal would benefit your state or hurt it the least if we want to put it that way. >> well, let me put it this way. as you mentioned at the outset, when we in delaware face add budget shortfall when i first took office in 2009, we, in fact, did adopt a balanced approach. we started with spending cuts. we did increase some revenues. and we've continued to focus on how we can become more .more efficient. but we recognized from the beginning, you can't cut your way to a prosperous future. the only way out is to grow. so we have been relentlessly focused ever since then on putting the right policies into place to grow and also having the right attitude. >> when do you expect us to get back to growth? growth seems like the issues around the fiscal cliff, to be fair, we are looking at an economy that's growing, just slowly. >> yeah. i think it's a bit -- recently last week i was in korea and japan doing some business over there to with companies. i did hear over and over again
talk to us as the governor of delaware. what kind of a deal would benefit your state or hurt it the least if we want to put it that way. >> well, let me put it this way. as you mentioned at the outset, when we in delaware face add budget shortfall when i first took office in 2009, we, in fact, did adopt a balanced approach. we started with spending cuts. we did increase some revenues. and we've continued to focus on how we can become more .more efficient. but we recognized from the...
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Dec 26, 2012
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ladies, thanks so much for having us. i nearly said thank you for having us. thanking you for coming on the show. stacy, here we are day in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster seaso
ladies, thanks so much for having us. i nearly said thank you for having us. thanking you for coming on the show. stacy, here we are day in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have...
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Dec 31, 2012
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they both join ugh us to break it down for us. john, we're all marveling in washington right now. >> the best deal would be if they got a deal that did something to correct the structural problems. but i think not going over the cliff is probably not good. it wouldn't have been that bad anyways. it would have gone back a day or two into the new year. >> what do you make of the market the fact it's up 140 points now and we don't have a deal yet? >> i think it's because the cliff talk was a bit like a magician's left hand. when he's doing the trick, he's distracting you with the left hand. i think things have been getting better internationally and domestically and we missed that because of what's going on with the cliff in washington. >> chris, what is it about the united states that makes you prefer international over domestic ones? >> first of all i agree with john that the u.s. market remains fairly attractive. the thing about international is a couple things. first of all, if you look at a broad index efa is stretched to the do
they both join ugh us to break it down for us. john, we're all marveling in washington right now. >> the best deal would be if they got a deal that did something to correct the structural problems. but i think not going over the cliff is probably not good. it wouldn't have been that bad anyways. it would have gone back a day or two into the new year. >> what do you make of the market the fact it's up 140 points now and we don't have a deal yet? >> i think it's because the...
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Dec 10, 2012
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he joins us now. we're always pleased to welcome back into this cnbc exclusive to talk about it, mr. jack bogle. the founder of the vanguard group, author, all those good things out there. welcome back, my friend. >> thank you, bill. thank you very much. and hi, mandy. >> hi there. >> speculation. let's talk about that and the role it has played. you know, the s.e.c. would like and some of the portions of dodd frank would like to get rid of proprietary trading and some of that has gone away, but you still have the fast-moving trades that hit the streets these days. is that what you're talking about? the hyperfast trading that goes on? >> that's a big part of it, bill, but it's not all. when you think about our financial system and i think we talked a bit about this before. the role as the financial side of our system, if you will, is to direct capital to its highest and best and most profitable uses. how much do we do of that a year? around $250 billion of additional equity capital, ipos and so on. $2
he joins us now. we're always pleased to welcome back into this cnbc exclusive to talk about it, mr. jack bogle. the founder of the vanguard group, author, all those good things out there. welcome back, my friend. >> thank you, bill. thank you very much. and hi, mandy. >> hi there. >> speculation. let's talk about that and the role it has played. you know, the s.e.c. would like and some of the portions of dodd frank would like to get rid of proprietary trading and some of that...
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Dec 20, 2012
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they told us everything except that. we don't know if it will have the name new york stock exchange in that. i'd like to know that and charles schumer from new york said i'm pleased they are going to keep the new york stock exchange name and protect the brand, but we don't know if that's the title. there's a subsidiary called the new york stock exchange that will still exist. if they call it global exchange without the nyse name in it. >> they have to call it the nyse exchange. >> if they drop the nyse brand, that's the dumbest thing they can do. i can't even imagine that happening. >> regulatory suicide. >> what is chuck schumer going to do? >> this is the global brand, period. >> what happens down the road? what happens two years from now? do they want to spin off the cash equities business, a low-margin business that's out there? it's literally dragging the multiple down of the i.c.e. nyse. does it get spun off in some other form or sold to a london stock exchange or a deutsche boerse? >> why would they buy it, bob? >
they told us everything except that. we don't know if it will have the name new york stock exchange in that. i'd like to know that and charles schumer from new york said i'm pleased they are going to keep the new york stock exchange name and protect the brand, but we don't know if that's the title. there's a subsidiary called the new york stock exchange that will still exist. if they call it global exchange without the nyse name in it. >> they have to call it the nyse exchange. >>...
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Dec 3, 2012
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what takes us there? >> we think it's industrials, the first part, because this move below 50 is a head fake. we've seen two this year and manufacturing came back. construction spending has been positive, too. the industrials look particularly timing. by the way, we think many investors are underweight those areas so we could see cash coming in. >> didn't have a lot of volatility on the fiscal cliff proposal. is the market taking a wait and see? >> there was heavy
what takes us there? >> we think it's industrials, the first part, because this move below 50 is a head fake. we've seen two this year and manufacturing came back. construction spending has been positive, too. the industrials look particularly timing. by the way, we think many investors are underweight those areas so we could see cash coming in. >> didn't have a lot of volatility on the fiscal cliff proposal. is the market taking a wait and see? >> there was heavy
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Dec 17, 2012
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our experts break it down for us. stay with us. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. sfx- "sounds of african drum and flute" again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could s
our experts break it down for us. stay with us. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at...
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Dec 5, 2012
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tom cruise has used it. i've used it. you can't underestimate the vanity of american people. the big market is teenagers. >> teenagers and magazine editors. >> apparently. >> and pent air. >> yes, it this makes filtration devices that helps homes and hotels and spas run their water morefacient efficiently. >> was there a theme throughout this list? what's the theme in terms of how they selected these names? >> the theme is given how uncertain everything is, we picked fund managers that have a great record that beat their piers, have an extended tenure of management, so they've been there for a while. we just asked them in their particular niches what are their best ideas. the theme is just, you know, what are the best ways to get through this. >> people with experience and track records, basically. >> yeah, basically. >> health care. >> health care, iliyad. >> they're hoping to create a treatment for hepatitis c, which will be a big deal. >> this is sort of controversial. moody's. >> which, of course, was vilified with the other ratings agencies in the financial crisis. the s
tom cruise has used it. i've used it. you can't underestimate the vanity of american people. the big market is teenagers. >> teenagers and magazine editors. >> apparently. >> and pent air. >> yes, it this makes filtration devices that helps homes and hotels and spas run their water morefacient efficiently. >> was there a theme throughout this list? what's the theme in terms of how they selected these names? >> the theme is given how uncertain everything is,...
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Dec 6, 2012
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at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> so 2013, just a few weeks away. the markets are in the green for this year so far. it's been a bumpy ride lately, as we all know, amid the fiscal cliff uncertainty. so how should you position yourself and your portfolio for the new year? >> that's the question. let's bring in scott rand with a first-on look at their 2013 outlook. scott, good to see you. thanks for joining us. >> thanks, guys. >> so what do you think will be the growing areas of the economy and the stock market? let's first look at the stock ma
at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink...
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Dec 26, 2012
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continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff deadline, and though the market has been very resilient to this point, what happens if we go over the cliff and if lawmakers cannot get it together come january 1st? will it be a big meltdown for wall street? that's what everybody wants to know. >> certainly hope know. in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article
continues, although we thank brian sullivan and you, mandy, for bringing us back to positive territory in the last hour. >> i'm not sure we can take credit but we'll take it. >> the dow is up a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff...
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Dec 7, 2012
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turn to us. wells fargo advisors. but when i was in an accident... turn to us. i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ >>> mixed day on wall street as we head toward the close. let's head to bertha coombs for a market flash. >> groupon certainly not a bargain today but stocks surging over 20% just today alone. traders have been saying there's more speculation about a potential sale of the company. lots of different things going on in chat rooms. a lot of the volume today -- twice the daily volume. take a look at the week. pretty good week, certainly compared to apple, which is down nearly 10%. groupon up 13% for the week. back to
turn to us. wells fargo advisors. but when i was in an accident... turn to us. i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪...
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Dec 12, 2012
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thank you all for joining us here. steve liesman is with us now, and you asked about the new targets which the chairman says is not a target but a guidepost. what's the difference? >> it's important for people to understand. there's two things happening here. the first is that the federal reserve for the first time put these -- put the funds rate, tied it to an economic target, but really it's a victory for charlie evans and those doves who wanted an advancement here. they wanted qe tied to it but it's not. qe is tied to this uncertain thing which is improvement in the labor market, assuming there's something anyone can do with the goals. there's a bit of confusion out there, and the markets will have to sort through how much qe for how long based on what targets. we don't real very that anymore. they moved away from a calendar date target on the funds rate but not qe, and the chairman was very explicit that qe is for stimulating the economy and the funds rate is for moving removing accommodation. never heard that befo
thank you all for joining us here. steve liesman is with us now, and you asked about the new targets which the chairman says is not a target but a guidepost. what's the difference? >> it's important for people to understand. there's two things happening here. the first is that the federal reserve for the first time put these -- put the funds rate, tied it to an economic target, but really it's a victory for charlie evans and those doves who wanted an advancement here. they wanted qe tied...
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Dec 28, 2012
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rick lake was with us earlier. chad morgan lander, what do you do? investors are watching all of this, they want some direction and they want to get ready for 2030 and the nonsense continues in washington. >> well, the market is going to get sloppy over the next two weeks until they get a resolution, and you should fully expect that they will get a resolution, and it will be just a short-term resolution. once you get, that the market will then snap back, so we're expecting between a 5% and 7% correction within the market until that time comes, but do you want to layer in risk. you want to be buying good quality companies at this point in time as the market comes into, because that market will snap back, and you will see a modicum of economic growth going further out into the spring. >> and i can see that apple is one of the ones that you like there in terms of snapping up beaten down stocks. you see 20% upside. ed, i want to get to you because i was reading through your bio and you worked at the white house for alm
rick lake was with us earlier. chad morgan lander, what do you do? investors are watching all of this, they want some direction and they want to get ready for 2030 and the nonsense continues in washington. >> well, the market is going to get sloppy over the next two weeks until they get a resolution, and you should fully expect that they will get a resolution, and it will be just a short-term resolution. once you get, that the market will then snap back, so we're expecting between a 5%...
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Dec 5, 2012
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thanks for joining us. let me me get your reaction. >> well, he's spinning a situation that's so serious. we've got to confront honestly and directly. he said on the sundays shows that they were fixing our debt problem, putting us on a sustainable course. that's not correct. the plan that he has announced leaked out, as he has outlined it. it increases taxes $1.6 trillion and does not cut spending any. it increases spending $1 trillion. it has almost no impact on the $9 trillion in debt we're projected to incur over the next ten years. so this is why we've got a problem. the president proposes nothing to deal with the entitlements that are growing at three times the rate of inflation and indeed represent more than half of the spending in our government. so i just got to tell you, they've got a lot of pride here, a lot of human being roe brus, me. this president needs to be helping us come up with a plan that puts america on a long-term, sound basis. paul ryan did that in the house. that plan is sustainable.
thanks for joining us. let me me get your reaction. >> well, he's spinning a situation that's so serious. we've got to confront honestly and directly. he said on the sundays shows that they were fixing our debt problem, putting us on a sustainable course. that's not correct. the plan that he has announced leaked out, as he has outlined it. it increases taxes $1.6 trillion and does not cut spending any. it increases spending $1 trillion. it has almost no impact on the $9 trillion in debt...
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joining us from stanford, california, martin feldstein. thank you for being with us. the republicans now responding. negotiations well underway to avoid a fiscal cliff. to your point, you recently said, even if we reach a deal, the economy is still at series risk of a recession. >> that is right. we are looking at and economy that is very weak. growth was very disappointed. less than 2% real gdp growth in 2012. we will be struggling to achieve that next year, even without hitting the economy with more fiscal bad news. if we go over the cliff, it is really a major downturn. uncertainty remains about what is coming next. put that all together and we could certainly be put on the edge of a recession. lori: that manufacturing number coming in the low 50s, singling contraction. is that the first signal that this economy really is in trouble? >> certainly not the first signal. household earnings down. real disposable personal income has not increased since may. we are really looking at an economy that is weak. ooly thing keeping keeping consumer spending going is that house
joining us from stanford, california, martin feldstein. thank you for being with us. the republicans now responding. negotiations well underway to avoid a fiscal cliff. to your point, you recently said, even if we reach a deal, the economy is still at series risk of a recession. >> that is right. we are looking at and economy that is very weak. growth was very disappointed. less than 2% real gdp growth in 2012. we will be struggling to achieve that next year, even without hitting the...
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Dec 21, 2012
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antawn schiff, thanks for joining us. >> always a pleasure, maria. >> break it down for us. what happened in 2012 that caused these stocks to do well and why do you think we'll see a repeat next year? >> well, they were so hated last year. so many of them became victims of tax issues particularly at the end of last year when bank of america literally closed down $5 a share. what happened this year is they're still hated and most people are completely surprised by that chart you put up. they're shocked going, wait a minute, how are these stocks up so much? all these things are going long for them. quite frankly, they were so beaten down, they've put a lot of things behind them. 3u9 the mortgage settlement behind them, book values are ri rising, they're earning money. it would be a surprising statistic for most people to hear. >> but you don't think they're going to have those same issues in 2013, dodd-frank, the regulatory environment, record-low interest rates? these are all some of the issues that kept investors away from these stocks last year. >> yeah. and in spite of all
antawn schiff, thanks for joining us. >> always a pleasure, maria. >> break it down for us. what happened in 2012 that caused these stocks to do well and why do you think we'll see a repeat next year? >> well, they were so hated last year. so many of them became victims of tax issues particularly at the end of last year when bank of america literally closed down $5 a share. what happened this year is they're still hated and most people are completely surprised by that chart...
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Dec 19, 2012
12/12
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>> speaker john boehner woke us up. i expected after the brief statement that he made the market would come in much more than it has. i am kind of impressed we haven't seen the market down quite significantly. it means we will look at a nice year-end rally. liz: all w he did was speak 45 seconds. we are coming off of two days of double-digit jumps in the dow jones industrial in the rearview mirror. but let me quickly ask you, volatility of about six or 7% depending on what second you're looking at it when a day for most of it the market was meandering. >> remember where we are at. coming at the end of the year, a lot of traders have hung up their books, does not take much to move the market one way or another. i do agree, this market is a santa claus rally. the market saying fiscal cliff, so what. more income means spending cuts and the politicians will eventually get it together. playing poker with each other, john boehner hurt the market when he said the market will take a nosedive tomorrow. this will go back and fort
>> speaker john boehner woke us up. i expected after the brief statement that he made the market would come in much more than it has. i am kind of impressed we haven't seen the market down quite significantly. it means we will look at a nice year-end rally. liz: all w he did was speak 45 seconds. we are coming off of two days of double-digit jumps in the dow jones industrial in the rearview mirror. but let me quickly ask you, volatility of about six or 7% depending on what second you're...
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Dec 14, 2012
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please work with us. we will continue forth until the president takes the airways, but we have to focus on apple. what went wrong in apple in china. where are they huge crowds of people tripping over themselves to get the new iphone five? after all, 300,000 reorders. 300,000. it sounds like a lot, but there are some are calling this launch this news, even a dad. will this further erode the stock which has plummeted 28% since that september? we decided to go beyond this. of the chinese over it? some months, the apple turnout, not at all what it was cracked up to be. investors are voting with their wallets. apple shares are down. just a couple of percentage points. important to know this is trading in a nine month low. add another 4 percent today, the negative comments adding to the selling pressure. the firm cutting its 2013 estimates and lowering its price target. we know that maybe the huge ones are not so huge in china because apple instituted an online reservation system. folks, let's not ignore it. th
please work with us. we will continue forth until the president takes the airways, but we have to focus on apple. what went wrong in apple in china. where are they huge crowds of people tripping over themselves to get the new iphone five? after all, 300,000 reorders. 300,000. it sounds like a lot, but there are some are calling this launch this news, even a dad. will this further erode the stock which has plummeted 28% since that september? we decided to go beyond this. of the chinese over it?...
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Dec 3, 2012
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. today's construction spending report showing a jump of 1.4% in the month of october. nearly triple the 0.5% expected by analyst. the fiscal cliff looms large. it threatens a lot of this recovery on the recovery. joining me is allen smith, ceo of prudential real estate investors. nice to have you on the program. >> thank you very much. >> what's your take on this whole fiscal cliff discussion. if we go over the cliff, does that undo some good news we're seeing in housing and construction? >> i think with respect to the single family housing market, the impact will be somewhat limited. in the sense that the single family home market has fallen so far. when you look at some of the key indicators today, housing aff d affordability is the best it's been. consumer balance sheets have deld deleveraged. excess supply has been dealt with. with every new job there's greater propensity to form households
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. today's construction spending report showing a jump of 1.4% in the month of october. nearly triple the 0.5% expected by analyst. the fiscal cliff looms large. it threatens a lot of this recovery on the recovery. joining me is allen smith, ceo of prudential real estate investors. nice to have you on the program. >> thank you very much. >> what's your take on this whole...
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Dec 19, 2012
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thanks for joining us. john, you say the company made a big blunder here >> i see this primarily as a customer relations mistake. everyone uses information the data that we share voluntarily and find ways, especially facebook, not to piss people off this much. i think they have to walk this back and apologize, and they can do exactly what they say they are going to do but with their members, not in spite of them. >> a number of users have in fact deleted their accounts. they say they are not going to agree to something without their permission. what's your take on this? >> i think people are a lot of talk. i mean, instagram fully admitted they messed up. it was a bit of a pr blunder. now they have gone back and said whoa, whoa, whoa. we hear why you're concerned and we're going to fix it. they also said the reason they didn't roll out the terms of service immediately and gave it 30 days is because they wanted to hear from the community. wanted to hear their concerns and now they are fixing it and backtracki
thanks for joining us. john, you say the company made a big blunder here >> i see this primarily as a customer relations mistake. everyone uses information the data that we share voluntarily and find ways, especially facebook, not to piss people off this much. i think they have to walk this back and apologize, and they can do exactly what they say they are going to do but with their members, not in spite of them. >> a number of users have in fact deleted their accounts. they say...
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Dec 24, 2012
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y our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ashley: welcome back, everybody. the managing director. thank you for sttcking around with us. a good holiday season, not great so far. what about the impact of super storm sandy? the northeast and mid-atlantic make up 24% national retail sales. how much did that factor in? >> it had a big drag effect on the holiday season. we clearly saw that when the retailers report their monthly sales have talked a lot about the sales rate below expectations for november. and it has overall negative impact anyway just from a sentiment standpoint. people feel lousy. the tragedy in newtown, connecticut, was just awful. that puts everybody in a negative spirit in some respects. ashley: what about the psyche of the consumer with regards to consumer confidence in the sambar hit a six-month low. the economy still struggling, unemployment still high. people walking around the stores but maybe not buying as much, is that a factor
y our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ashley: welcome back, everybody. the managing director. thank you for sttcking around with us. a good holiday season, not great so far. what about the impact of super storm sandy? the northeast and mid-atlantic make up 24% national retail sales. how much did that factor in? >> it had a big drag effect on the holiday season. we clearly saw that when the retailers...
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Dec 6, 2012
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> toast to today's market close. what percent of polled companies will be having a holiday party this year? 91%. up from 74% in 2011. >>> well, my next guest clearly has the true pulse of the consumer. ppr holds brands like gucci and puma. i spoke exclusively with the ceo. he's one of the richest men in france, and he tells me washington needs to resolve this fiscal cliff issue if they don't want consumers to stop their spending ways. >> let me start with what's going on in washington. we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we hav
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> toast to today's market close. what percent of polled companies will be having a holiday party this year? 91%. up from 74% in 2011. >>> well, my next guest clearly has the true pulse of the consumer. ppr holds brands like gucci and puma. i spoke exclusively with the ceo. he's one of the richest men in france, and he tells me washington needs to resolve this fiscal cliff issue if they...
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Dec 4, 2012
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. finally tonight my observation on the consequences of bad fiscal policy. the latest evidence the incredible instances of companies borrowing money to give that money away. this is the kind of crazy behavior you getd when you have manipulation in the market. interest rates should be much higher than they are right now. however, they are artificially stuck at rock bottom levels. and there seems to be no end in sight for how long this will last so investors are hunting high and low for yield as we know that is why they are pay looking for dividend payers. why not get regular income from your investments as you search for some return in this low-rate environment. this is a deepening vicious cycle. the white house and congress have not given us a fiscal policy as the economy bumps along the bottom now for four years and counting. so the federal reserve saves the day. we finally get some fiscal poli
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. finally tonight my observation on the consequences of bad fiscal policy. the latest evidence the incredible instances of companies borrowing money to give that money away. this is the kind of crazy behavior you getd when you have manipulation in the market. interest rates should be much higher than they are right now. however, they are artificially stuck at rock bottom levels. and...
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Dec 11, 2012
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liz: thank you for joining us. what does a bowl look like in a bear costume and how quickly can he come out swinging? as far as we can remember he has been a bowl and equities especially with everybody else seems to be abandoning ship. for the first time in years you're putting on the bear suit. >> it does not fit well on me. we've had this 1450 target all year. we are right near it now. we're just seeing more negatives in the near term. the fiscal cliff, even if they settle it, it will take some percentage of gdp. the worst case, two to three, maybe if they compromise in the middle. the meantime corporate all over the country it hit the pause button. hiring people, corporations, individuals, small businesses. we think the next story once we get through the fiscal cliff and breathe a sigh of relief is the economic numbers will come a little bit soft. liz: you have 30 billion in assets under management, we don't sit there paralyzed, do you? >> we have pulled ourselves into neutral and equities. telling people to hol
liz: thank you for joining us. what does a bowl look like in a bear costume and how quickly can he come out swinging? as far as we can remember he has been a bowl and equities especially with everybody else seems to be abandoning ship. for the first time in years you're putting on the bear suit. >> it does not fit well on me. we've had this 1450 target all year. we are right near it now. we're just seeing more negatives in the near term. the fiscal cliff, even if they settle it, it will...
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Dec 20, 2012
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charlie gasparino taking us through the day. when you got the first call yesterday and broke the story, what did you hear? charlie: the journal had a first headline, i heard something about this. i do not confirm the first interview but they had headlines of the merger. i was hearing it was a full out acquisition, the new york stock exchange getting bought by the intercontinental exchange and that blew me away. it is an amazing story. we fight for seconds here. going on the air, basically saying at the new york stock exchange about the taken over, this is not a merger of equalss, this is a takeover of the most venerable, one of the most venerable institutions in american finance, the new york stock exchange. it is been there since the old button agreement. [talking over each other] charlie: that is why they call it -- they became essentially a club of freighters under that and expanded to much bigger than a tree, beautiful headquarters, but here is the thing. when i started to digest it it was a phenomenal story. the intercontin
charlie gasparino taking us through the day. when you got the first call yesterday and broke the story, what did you hear? charlie: the journal had a first headline, i heard something about this. i do not confirm the first interview but they had headlines of the merger. i was hearing it was a full out acquisition, the new york stock exchange getting bought by the intercontinental exchange and that blew me away. it is an amazing story. we fight for seconds here. going on the air, basically...
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Dec 12, 2012
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he joins us now to make his case. >> welcome, sir. >> thank you very much for joining us. tell us in your own words what you're most fearing here >> you know what? we've got this r & d tax credit that has not been renewed, hitting our bottom line by 2%, 2.5%. think about it. these are high-paying jobs that we hire. it was just announced that china surpassed the u.s. in patent applications just last year. the r & d tax credit goes to hiring and expanding our r & d research. that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well? >> it cost us about 2.5%, 2% on the bottom line. >> and if the r & d tax credit does not come back, how many people might you have to let go next year? >> so what we have is we've got the 2%, 2.5% that we lost in the bottom line and obama care hitting us by 19.5%. our costs are going to go u
he joins us now to make his case. >> welcome, sir. >> thank you very much for joining us. tell us in your own words what you're most fearing here >> you know what? we've got this r & d tax credit that has not been renewed, hitting our bottom line by 2%, 2.5%. think about it. these are high-paying jobs that we hire. it was just announced that china surpassed the u.s. in patent applications just last year. the r & d tax credit goes to hiring and expanding our r & d...
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Dec 7, 2012
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> better than expected numbers on the labor front for november out this morning. u.s. businesses added 146,000 jobs last month and the unemployment rate slipped to 7.7%, the lowest level in four years. of course, that's not the whole story because you had more people dropping out of the labor force. >> well, the former chairman of the council of economic advisers, now a senior fellow at the hoover institution. he joins us with his reaction. would you give it a, what, out of ten? >> i gave you part of the answer too, by the way. you're welcome. >> out of ten, what score would you give this report, ed? >> i would give this a three. this report is a perfect microcosm of the recovery. the job creation number was about 146,000, you know, over the past three years we've been averaging about 150,000 a month. the problem with that is that we need 117,000 a month just to keep pace with the growing population. so that
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> better than expected numbers on the labor front for november out this morning. u.s. businesses added 146,000 jobs last month and the unemployment rate slipped to 7.7%, the lowest level in four years. of course, that's not the whole story because you had more people dropping out of the labor force. >> well, the former chairman of the council of economic advisers, now a senior fellow at the...
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Dec 17, 2012
12/12
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stay with us. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> welcome back. new year bigger house. a survey shows more homeowners are planning to upsize in 2012. our diana olick with the details. >> say they want to either stay in the same sized home or upsize in their next home. no more downsizing. historically you can see homes have been getting bigger since the 1970s. but look at just the la
stay with us. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world....
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Dec 27, 2012
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fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an
fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are...
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thank you so much for joining us on the floor show. a whole host of state leaders were at the white house talking to the president stressing the importance of getting a debt deal done before the end of the year. if the u.s. goes off of the fiscal cliff, their budgets, each of the state you live in would run amok especially the comes to funding everyday programs and running the entire state. last week during the governors on the edge series that is exactly what we addressed as we spoke with a number of state governors on this important issue. >> one thing we want to make sure people in washington understand is if all that is done is a cost shifting from the federal government to the state, it doesn't accomplish much because states are not in a position to pick up the extra costs. >> speaking as governor of the stage we execute. we have to get things done. unfortunately congress doesn't. they can throw rocks at each other and leave it for another day and kick the can down the road. governors have to get things done today. we would hope c
thank you so much for joining us on the floor show. a whole host of state leaders were at the white house talking to the president stressing the importance of getting a debt deal done before the end of the year. if the u.s. goes off of the fiscal cliff, their budgets, each of the state you live in would run amok especially the comes to funding everyday programs and running the entire state. last week during the governors on the edge series that is exactly what we addressed as we spoke with a...
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Dec 20, 2012
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it's a plus for us. down the true will really bring a lot of business to us. people are afraid things will charges but the human element here is so important. that's why it's critical. it will be here long time. >> a quick thought on where we stand in the markets right now as we continue to watch the back and forth over the fiscal cliff. >> i think you can see the markets kind of treading sideways here, but, you know, triple witch, last big witch of the year. >> a a lot of volatility to the markets so we'll be watching that. >> enjoy the holidays. >> happy holidays. >> second hour of the "closing bell" is going to begin in five seconds. maria will pick it up on the other side. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're se
it's a plus for us. down the true will really bring a lot of business to us. people are afraid things will charges but the human element here is so important. that's why it's critical. it will be here long time. >> a quick thought on where we stand in the markets right now as we continue to watch the back and forth over the fiscal cliff. >> i think you can see the markets kind of treading sideways here, but, you know, triple witch, last big witch of the year. >> a a lot of...
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Dec 18, 2012
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give us your take on where the negotiation stands right now. what can you tell us? >> i think it's a real bad idea to raise taxes. we have a struggling economy, and i think we'll have the opposite effect. i think the economy could become more sluggish with increasing taxes. you may get less revenue if you raise tax rate. that being said, i don't know where we are. no one is calling me up to give me any information on this. i'll find out if you find out first, you call me, okay? but we're not really part of the negotiations. that's being done by a couple of people, and i real think in the end as republicans we need to continue standing for what we've already stood for and that's that you stimulate the economy by leaving more money in the private sector. >> what about boehner's plan "b?" ken? >> let me go back to what senator paul said. look, in reality i don't believe people making $1 million in the year, are going to do anything. i just don't believe it. >> i think what you mistake here it matters whose money it is. that's sort of a pejorative or a moralistic way of
give us your take on where the negotiation stands right now. what can you tell us? >> i think it's a real bad idea to raise taxes. we have a struggling economy, and i think we'll have the opposite effect. i think the economy could become more sluggish with increasing taxes. you may get less revenue if you raise tax rate. that being said, i don't know where we are. no one is calling me up to give me any information on this. i'll find out if you find out first, you call me, okay? but we're...
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Dec 31, 2012
12/12
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getting this behind us is key. and i do think that equities would be able to have a solid year in 2013 once we get rid of some of this mess that we're in. >> what about ed's point to the fundamentals and the slowdown in earnings? >> well, we still are expecting earnings to rise next year. and again, i'm of the camp that so many investors are rarely pessimistic. many have been positioned negatively -- >> john -- john, i'm sorry to cut you off there but we've just got breaking news out of washington. let's get back to john harwood. >> i talked to an aide that said house gop caucus meeting is not principally about the fiscal cliff. it's mostly going to be about sandy relief money from the superstorm. the cliff will come up, but the source said we are not going over any potential deal because there isn't one and the senate hasn't acted yet. >> but even if they're intending to talk more about sandy relief, don't you think the fiscal cliff issue is going to kind of come up? >> of course it's going to come up, but my only
getting this behind us is key. and i do think that equities would be able to have a solid year in 2013 once we get rid of some of this mess that we're in. >> what about ed's point to the fundamentals and the slowdown in earnings? >> well, we still are expecting earnings to rise next year. and again, i'm of the camp that so many investors are rarely pessimistic. many have been positioned negatively -- >> john -- john, i'm sorry to cut you off there but we've just got breaking...
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Dec 31, 2012
12/12
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thank you for joining us. the framework adjusted tailed, do you think it's something you could get behind? >> the president has repeatedly famously said that we can cut our way to prosperity and, of course, the flip side of that is even more true which is that we cannot tax our way to prosperity although mcconnell said that the tax portion is already worked out and agree upon, if you think about it, what have they really agreed upon? the agreed upon taxing small businesses continuously. the continuing for the tax preferences for all large businesses. large businesses get away easy, scot-free. your small businesses have to see their taxes go up. i don't think that's the way to bring it to prosperity or create more jobs or turn the economy around. >> tomorrow all the rates go up, and this is not tax cuts starting in about 13 hours or so it would have been something really easy that we could have done a month ago, simply say keep the tax rates where they are right now for everyone, you, me, everybody. keep the ra
thank you for joining us. the framework adjusted tailed, do you think it's something you could get behind? >> the president has repeatedly famously said that we can cut our way to prosperity and, of course, the flip side of that is even more true which is that we cannot tax our way to prosperity although mcconnell said that the tax portion is already worked out and agree upon, if you think about it, what have they really agreed upon? the agreed upon taxing small businesses continuously....
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Dec 27, 2012
12/12
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we had to use that line. coal stocks have taaen a tumble in recent times as we know, but they could be poised for a comeback in 2013. mike duda, senior research analyst is joining me now -- mike dudas senior research analyst is joining me now to talk coal. the industry as a whole has been taken a beating. maybe this cold weather is helping, we will get into that, but why do you like some of these coal stocks for 2013? >> the stocks have had a really difficult time, but the stocks have been bottoming trying to make higher lows and higher highs and starting to discount i believe some better fundamentals in the industry. two major drivers for 2013, one the pricing and direction of natural gas in united states and secondly which could be more important the recovery in china for industrial production steel consumption and that would help. ashley: nat gas was so cheap it was ridiculous and actually killed coal but those prices have come up a little bit now. >> if we get a normal winter that will increase the amount
we had to use that line. coal stocks have taaen a tumble in recent times as we know, but they could be poised for a comeback in 2013. mike duda, senior research analyst is joining me now -- mike dudas senior research analyst is joining me now to talk coal. the industry as a whole has been taken a beating. maybe this cold weather is helping, we will get into that, but why do you like some of these coal stocks for 2013? >> the stocks have had a really difficult time, but the stocks have...
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Dec 13, 2012
12/12
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they want us to deal with this irresponsible way. liz: and that killed us. that was it for the market. i am liz claman it is the last hour of trading. "countdown to the closing bell" begins right now. the stocks are falling for the first time in seven days after the house speaker said it is all coming down to spending cuts. with just 18 days left for congress to make a deal, investors are taking speaker boehner's words to heart. dow jones industrials off of the session down 82-point but you can see the bull's have the edge early on. blue chips posting modest gains around 11:30 a.m. eastern the speaker got up front of the cameras and suddenly vanished, the rest was history. one name defined the laws of gravity. solar city, soaring up 1.5% today. this after a price cut and a one-day delay. they completed the ipo selling more than 11 million shares at $8 a pop. half of the expected range. we have both the chairman and ceo, actually cousins, coming up in the next hour. what they have to say. they did not put it off, you can see the big move. zero plate to qualit
they want us to deal with this irresponsible way. liz: and that killed us. that was it for the market. i am liz claman it is the last hour of trading. "countdown to the closing bell" begins right now. the stocks are falling for the first time in seven days after the house speaker said it is all coming down to spending cuts. with just 18 days left for congress to make a deal, investors are taking speaker boehner's words to heart. dow jones industrials off of the session down 82-point...
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Dec 10, 2012
12/12
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thank you so much for joining us on the floor show. at least though both are winning. apple. it has been the headline almost every single day for the past six months. we have heard of too big to fail. are some companies just too big to succeed? my next guest says once a company gets to the top, there is nowhere to go but down. what does that mean for all of you apple watchers. joining me now is robert arnott. it is great to have you. so glad you are here to discuss this. i can hear people screaming right now. what do you mean. apple has to go higher. what is your premise here? >> firstly, a lot of credit goes to my co-author on this study. she did all the heavy lifting on this. historically and ask a very simple question. when a company gets to be the largest in its sector, the largest in his country or the largest in its world and that is something we have always known. a great company is not always a great investment. what we find is no top dog has ever stayed top dog and, if you have a top dog, it winds up being targeted by regulators, targeted by pundits, targeted by comp
thank you so much for joining us on the floor show. at least though both are winning. apple. it has been the headline almost every single day for the past six months. we have heard of too big to fail. are some companies just too big to succeed? my next guest says once a company gets to the top, there is nowhere to go but down. what does that mean for all of you apple watchers. joining me now is robert arnott. it is great to have you. so glad you are here to discuss this. i can hear people...
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could use the cash to do so? >> we all hate to have our fingers slammed. you can look to see what amount they are authorized buyback. liz: let's put up the names you feel the next candidates. why, quickly. >> because they feel that authorizes certain amount of buyback. it is most efficient use of their cash right now. if you simply say how could i possibly boost my etf with the least amount of cash used to do that, these companies come up. i am putting my cfo hat on imagining how i would be, convincing them that this would be the best way to use our cash the next coming year. liz: we will put the names up on our facebook.com/liz claman page. we appreciate it. good to see you. senior portfolio manager, quick mention in apple session lows right now down about 5.5% in the guinness was the company for the annual high of $705 cover right now $5.42. the closing bell ringing in 16 minutes. melissa: the dow is a big mover. often the height of the session. what are you looking at? nicole: up 91 points. on the intraday cha
could use the cash to do so? >> we all hate to have our fingers slammed. you can look to see what amount they are authorized buyback. liz: let's put up the names you feel the next candidates. why, quickly. >> because they feel that authorizes certain amount of buyback. it is most efficient use of their cash right now. if you simply say how could i possibly boost my etf with the least amount of cash used to do that, these companies come up. i am putting my cfo hat on imagining how i...
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Dec 26, 2012
12/12
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when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of
when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury...
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Dec 26, 2012
12/12
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joining us, chief investment officer of security for lou. joining us by phone. two years we will be bumbling along. whether we hit a deal or not. what makes you say that? >> it is about several things. global growth slowing, debt levels and developed economies are high. starting the next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last three and a half years, time to take a breather in my opinion. ashley: you see us and they won't get past the september highs. you truly believe that? >> i do. you go back to what the market will do, the recessionary conditions for the present and the market tends to go down, not up. we look at the recession going into one, around nine months on average, the market tends to decline over 15 to 18 months which tells me september and october represented the highs, we will be looking at 2014 before we see the lows and probably 2015 before we can exceed those highs. ashley: gdp drop
joining us, chief investment officer of security for lou. joining us by phone. two years we will be bumbling along. whether we hit a deal or not. what makes you say that? >> it is about several things. global growth slowing, debt levels and developed economies are high. starting the next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last...